A shopkeeper marks his goods 25% above cost price and allows a discount of 10%. His gain percent is: MCQ with Answer and Explanation

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A shopkeeper marks his goods 25% above cost price and allows a discount of 10%. His gain percent is:

A. 15%

B. 12.5%

C. 17.5%

D. 10.5%

Answer: Option B

Solution (By JKExamLibrary)

CP=100, MP=125, SP=112.5, gain 12.5%.

This question belongs to: Maths Percentage

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Question #1

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A man gave 20% of his money to his son, 30% of the remainder to his daughter, and 10% of what then remained to charity. He was left with Rs. 10080. Find the total money.

A. Rs. 16000

B. Rs. 20000

C. Rs. 18000

D. Rs. 22000

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Correct Answer: Option B

Explanation:
Let total = T. Son 20%, left 80%. Daughter 30% of 80% = 24% of T, left 56%. Charity 10% of 56% = 5.6% of T, left 50.4% = 10080 → T = 10080/0.504 = 20000.

This question belongs to: Maths Percentage

Question #2

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A man's income Rs. 15000. Spends 40% food, 20% rent, 15% education, 10% others. By what % reduce food expenditure to increase savings by 25%?

A. 12.5%

B. 9.375%

C. 8.5%

D. 10%

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Correct Answer: Option B

Explanation:
Present savings 15% = 2250, food=6000. New savings 2812.5, increase 562.5 from food reduction. % reduction = (562.5/6000)×100 = 9.375%.

This question belongs to: Maths Percentage